Preparing for retirement
Your retirement income – picture what’s possible
Retirement is a personal journey. It’s not just about the math – it’s also about enjoying the lifestyle you want. Your TIAA Retirement Profile takes both into account and recommends a strategy to receive income you cannot outlive.
Just log in, answer a few simple questions and get your Retirement Profile, typically in 7 minutes or less! The Retirement Profile tool works best for individuals or couples who are within 5 years of retirement.
How the Retirement Profile works
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Preparing for Retirement Ahhhh, retirement. That magical day when the work duties stop… …and the regular paychecks from your employer stop too… But your expenses don’t stop. They’ll just keep humming along. So, how will you cover them – both the essentials…and the not-so-essentials? Well, you may have a pension … plus there’s Social Security…and, of course, your retirement plans. And now that it’s time for those savings to become a source of income for you… …you may be wondering how your nest egg can meet that challenge. It’s a lot to think about…but TIAA’s easy to use, interactive Retirement Profile can help you answer those questions. It uses your answers to a handful of simple questions to create scenarios of what your monthly income might look like after you transition from saving for – to living in – retirement. The first scenario gives you an estimate of whether your portfolio is currently on-track to generate the monthly income you’ll need through retirement… the second scenario offers a TIAA-proposed strategy that may potentially improve the likelihood of meeting your income needs – by including a sort of ‘personal pension’ – a guaranteed monthly paycheck, for the rest of your life, plus options that can help you keep pace with inflation and rising costs. The Retirement Profile also allows you to create a custom strategy by making adjustments to your inputs, so you can see how those changes impact your monthly retirement income. And if you do decide to take action, TIAA will be with you every step of the way to help you build a fully-customized income plan for retirement that fits you just right. With your custom income plan complete, you’ll have a better idea of the lifestyle you’re on-track to enjoy during retirement… … and any changes you might want to consider now to make that lifestyle look a little bit more like what you’ve been picturing. Visit TIAA.org/pfr to complete your retirement profile.
What you share in the Retirement Profile stays within TIAA. This material is for informational or educational purposes only and does not constitute investment advice under ERISA. No changes will be made to your actual accounts. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances. Certain products and services are only available to eligible individuals.
Building a diversified income plan
Wondering how you’ll replace your income when you retire and if you’ll have enough to last for as long as you live? The resources below can help you start planning.
Replacing your salary
Learn how you can design an income plan with a balance of guaranteed income* and growth potential.
Choosing your options
Explore the different income options available with your TIAA retirement plan.
See how much lifetime income you can get from your retirement savings.
Explore financial and lifestyle topics in-depth
To help you hone your skills, we created these deep-dives on some key retirement topics.
Tips for taking care of yourself and the ones you love.
- Aging Parents
- Family financial meeting: Tips for talking about money
- Housing Options
- Leaving a Legacy
See how people like you did it
We created profiles based on the experiences of real people to showcase different types of retirement considerations. Read our latest study that captures the thoughts and feelings of 1,000 people who are retiring within the next five years.
The long-term planners
Al & Sarah
Stable financial situation, conservative, long-term planners who are nearing retirement.
Conservative & semi-retired
Pam & John
Financially stable, conservative, long-term planners who are semi-retired.
Retired, financially limited, and a moderate risk taker.
The moderate risk taker
Retired, financially stable, moderate-aggressive risk taker.
Clara & Eduardo
Nearing retirement, financially stable, nervous about market volatility.
The aggressive risk takers
Frank & Pete
Nearing retirement, financially limited, aggressive risk takers.